SAN MATEO, Calif.--(BUSINESS WIRE)--Cloud
Lending Solutions, a leader in cloud-based commercial lending and
leasing software, announced upgrades to its end-to-end suite of products
for its commercial lending clients using: CL
Loan™, CL
Lease™, CL
Originate™, CL
Collections™, and/or CL
Marketplace ™ and released a new product in CL
Portal™. These advancements to the Cloud Lending solution suite are
designed to address fundamental challenges found across Global Banking,
Community Banks, Credit Unions, Lending Societies, and Global Financial
Institutions.

Cloud Lending Solutions clients, in helping define the product roadmap,
can embrace both strategic cost reductions and fund new streams of
growth to complete locally or on the global stage. With over 45 new
major named features, dozens of customer specific requested features,
and hundreds of minor upgrades, and this latest release represents the
largest release to date for Cloud Lending Solutions. A partial listing
of feature advancements:

Underwriting Scorecards: Enables FIs to define rate cards
consisting of configurable pricing and terms and assign them to
configurable risk ratings. They can also define their scorecards,
consisting of evaluation criteria, scores, and weights, which can be
executed for a specific loan opportunity based on configurable
criteria. Results of the scorecard evaluation, pricing, and terms can
then be automatically applied to the loan or presented to the user for
selection.

Financial Statement Analysis/Financial Spreading: Enables FIs
to configure and generate financial statements, financial ratios for
business and individual borrowing entities associated with a loan
opportunity. Further, lenders can leverage the resulting financial
statement data and analysis during the loan underwriting process and
configure the layout and format of each financial statement, as well
as the calculations and formulas that derive the financial statement
values and the resulting financial ratios.

CL
Portal™ A configurable front-end portal that provides a
differentiated borrowing experience for consumer, commercial and small
business loans for borrowers, investors and stakeholders; integrates
product workflows and document management to create a personalized and
unique experience for loans ranging from fully automated consumer
loans to multi-entity, collaborative commercial loans.

Loan Committee and Communications: Providing a completely
virtual committee experience where members can view, discuss, and vote
on loan opportunities via their computer and communicate lending
communications between team members online with an audit trail.
Improves meeting efficiency by automatically capturing meeting minutes
and enforcing loan presentation time limits.

Advanced Loan Origination provides FIs an ability define each
of the stages of their loan origination process for each loan product
and each mandatory task(s) required at each stage. Easily define loan
origination tasks driven by additional criteria such as risk rating or
loan amount and automatically assign each task to loan team members
based on their role. This ensures an efficient process by enforcing
due dates for tasks and ensuring policy compliance by enforcing task
completion at the applicable stage of the loan origination process.

Relationship Dashboard Provides a 360-degree view of the
customer relationship allowing financial institutions to obtain a
comprehensive view of the entire borrowing relationship. Users get a
real-time view into relationship documents and document exceptions;
monitor, and evaluate relationship covenants, view financial accounts
and loan opportunities in progress, and assess relationship risk using
risk assessment templates and credit exposure calculations. This is
provided in addition to customer relationship management functionality
provided by Salesforce.

“The product advancements in this release are designed to enable banks
and financial institutions to align around cost reductions while at the
same time, provide a scalable, agile operations model that supports
growth initiatives,” says Snehal Fulzele, CEO of Cloud Lending
Solutions. “With Cloud Lending Solutions, that decision isn’t a
trade-off, bank executives can create value for their borrowers and
shareholders and reduce operational costs.”

A leading cloud-based financial services technology company, empowers
the global lending community to connect with their borrowers by
transforming the borrower and lender experience. Built on Salesforce,
the worlds #1 CRM, Cloud Lending Solutions is the lending industry’s
only end-to-end loan and leasing software specifically designed to
simplify and digitize the entire lending process; from origination,
underwriting, servicing, to collections, creating a single system of
record within lending operations. With offices in San Mateo, London,
Sydney, and Bangalore, contact visit Cloud Lending Solutions at: www.cloudlendinginc.com.